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Fibchannel

EUR/NZDAs you can see we are in a downtrend but also part of a channel, we can see key areas where price has respected this channel and either gone short or long. As you can see at the moment we are at the support area on the channel and i expect to see this go long to the marked out area. The fib channels also show certain levels in the channel where I wang price to hit especially the 0.286 and 0.382 levels. I also have ichimoku confirmation on the daily with chickou span showing upside
by sammaxking123
Manually made channelAs I couldn't match a pitchfork correctly for this log scale trend, so then decided to Make own channel manually out of an older trend. Placed the mane lines, measured them with fib channels to draw other continual channel lines which would mach the pattern so We could try to predict the next tops/bottoms of this awesome trend. What do you think of this channel? if you have any advises or ideas which you want to share, feel free to post in the comments
COINBASE:BTCUSD
by UnknownUnicorn1587964
NEOUSD - Will it break the 1.618 Fib channel?After placing down this channel, I scrolled out to see and NEOUSD has never broken the 1.618 fib in this channel. That's bad. Nearly double topped on the RSI but 70 was not hit, but stable above the 0.618 retracement. Uptick on the RSI as of writing. I am currently in a long, hoping that it'll pop up above $120. As of writing, it looks like BTC is going to make a bear trap and holding out seems like the best option. No stop loss, waiting for the possible bear trap to pass to and I'll freeball the order close. I may keep some if BTC goes sideways and wait for a better sell order. Edit: OK. That was fast. Candle close in 25min for the real test.
BITFINEX:NEOUSDLong
by NeoButane
EDOBTC - Possible 4 day cup and handle creating handle nowTools used: Fibonacci retracement/speed fan/channel RSI: val. 14 on the left, 28 on the right It's a rather shallow cup but interesting to watch how it plays out anyways. Entry: about now, or when the value goes past the cup (right when it breaks out to be safe). It will be considered a failed cnh formation if we hit more than 50% retracement on the cup. Exit: stop loss at 50% retracement on the cup, or if BTCUSD is doing you dirty, or at around 3470 sats. I would keep maybe 10-25% of the coins if it does actually break out to thsi region, as the cup is very shallow. I wouldn't put too much stock into this, but definitely a good one to keep the eye on.
E
by NeoButane
Waves due for another spring in priceKryptomilionar's analysis of waves () got be looking at the waves charts a bit further. I know this might not be the traditional way to draw fib channels, but it does highlight some interesting price action. Waves likes to burst upwards between the channels. The last burst was weaker than the others, but still made the jump. If waves has some steam left in it, another increase in price may accompany the next channel hop. Waves might not be a bad place to rest some money for the next couple of days.
W
by TheChartmergeny
1
XMR on a nice wiggling climb!XMR has recently had a bit of a correction on its absolutely massive price increase and has reached another wave bottom. There was very strong support at 145, the price bounced back and it would appear that the momentum has turned back to the upside. We're at the beginning over another wave in this absolutely ginormous flag formation starting from the initial launch into the stratosphere. Green lines are max price targets, blue support shelves on the way up. If you are paying enough attention I am very sure it would be easy to buy & sell the peaks and dips. Each wave is about a day long so the window should not be too crazy hard to catch. The TSI and RSI are indicating that this is a pretty real move, but we'll have to see how things play out. I know we have all been surprised before!
Long
by Jorgenberries
GBPUSD Years to come. Back to the future.The most logical path I could find based on current structure support // resistance levels. The divergence is merely marked because I find it interesting to watch on the RSI alone. I've backtested RSI divergence on smaller timeframes and they were relatively reliable in terms of minor retracements and larger reversals. Would have to combine with more data to validate this however. And then we haven't even spoken about fundamentals yet. My guess is the first leg up will possibly start with heavy turbulence forward towards next year well into June 2017. Possibly GBPUSD will not even create a double bottom there, but it's the most interesting support // resistance line I could find at the moment. This means UK Brexit has set UK back about 3/4 years in time if we're lucky. Live long and prosper.
by UnknownUnicorn468659
2